UK BOE QE trap - the road to normalisation - without counter engagement (productive investment), and further Austerity, tax evasion, inequality, income gap, secular stagnarion, less money to spend for the average joe === very bumpy uncertain ride. ... and add Brexit even more uncertainty. OUCH. real growth for real people not gonna happen. // see also RAWerden Richard Andreas Werner for bank reform (local non-profit et al) // also consumers will hold back. especially w trickle down of bad news. job losses here and there retail inflation wage growth etc. creating a impression of a malaise especially for the 50% who voted remain. and 30% who didnt go vote. // see also news 8or7 out of 10 workers broke/permanently skinned - and consumer debt at 2008 high //

liquid times by Zygmunt, globalization - accelerated times, inequality, 1%, poverty trap, weak institutions being fleeced (latest and biggest - GFC, one rule for the one TBTF and other for the many, many have to suffer what they must (varoufakis)), same w broken promise of globalisation benefits everyone, same w failed military interventions ... STRUCTURAL REASONS - DEMOCRACY ELECTED REPRESENTATION does no more exist! its lobbied $$$ vested interest pork barrels corruption abuse get rich quick schemes. Longing for past greatness eg case Brexit. //&! https://www.youtube.com/watch?v=5YU9djt_CQM - Authoritarianism: The political science that explains Trump &! https://de.wikipedia.org/wiki/F-Skala_(Autorit%C3%A4re_Pers%C3%B6nlichkeit) &! Democratic Backsliding (salami tactic) - https://www.youtube.com/watch?v=pF-Tdsvk0tI - The decline of American democracy won't be televised

https://www.theguardian.com/business/2017/mar/07/food-inflation-doubles-uk-shoppers-feel-pinch [ are there sensible consumers out there, and wait out the next 2 years?!!! reality of Brexit should be by now, has to be digested by consumer, as always the lag indicator of most. FDI and business investement is first, and was first to scale back! ] A report from the British Retail Consortium and KPMG found that the spurt in consumer spending seen in the run-up to Christmas had come to an abrupt halt, with the result that non-food sales are falling for the first time since the economy was flirting with a double-dip recession in November 2011.

Further evidence that consumers are becoming more cautious was provided by the the Society of Motor Manufacturers and Traders, which released figures on Monday showing a drop of more than 4% in private car sales last month.

While John Major and Tony Blair struggle with their Brexit defeat, the prime minister has read the national mood and is successfully navigating it // SHE IS NAVIGATING IT? OTHERS WOULD SAY like Blair SHE SITS THERE AS PASSENGER. // Culture and identity tend to be treated as peripheral expressions of whatever is happening in the economy, which is sometimes true but not always. May understands that. She is a more astute culture warrior than economist, and for now that is serving her well. // HAPPY TO DO HARD BREXIT EVEN IF IT HURTS THE ECONOMY "make the best of it" // To win power from New Labour, Cameron adapted to Blairish mode: self-consciously modern, socially liberal, metropolitan and relaxed about Europe. [...] There was always something absurd about “anti-establishment” language in the plummy tones of Boris Johnson or Nigel Farage. But their campaign did capture a rebellious spirit. Partly it was generalised frustration at the state of everything; partly it was counter-revolution – the backlash by people who sensed that their lives, interests and anxieties were the punchline to a joke at a fancy London dinner party. [...] liberals haven’t grasped the scale of their defeat. That is good for May, who navigates through the middle.

Suren Thiru, head of economics at the British Chambers of Commerce, said the rise in government borrowing underscored the weakness of the UK economy.

“The UK’s ability to generate tax revenue has diminished following the financial crisis, and this underlying weakness is likely to be exacerbated further if the UK economy slows as we predict,” he said, adding it was vital the chancellor offered incentives to “invest, create jobs, and support growth”.

The post-Brexit economic problems are down to consumer and business uncertainty and will not be solved by introducing monetary stimulus. By lowering interest rates, the Bank of England will distort the economy and potentially reduce growth. Philip Booth. Research director, Institute of Economic Affairs //&! More corp bond buying - bit.ly/2b6sHX3 //&! bit.ly/2aPQJYV &! bbc.in/2axiVxx &! Osborne at it w calling for lower business rate - bit.ly/2aGUYTN &! Noreena Hartz on it - bit.ly/2ayoT5g &! bbc.in/2aWLXY6

The IoD said a quarter of the members polled in a survey were putting hiring plans on hold, while 5% said they were set to make workers redundant. Nearly two-thirds of those polled said the outcome of the referendum was negative for their business. One in five respondents, out of a poll of more than 1,000 business leaders, were considering moving some of their operations outside of the UK. //&! The chief executive of Deutsche Bank – which employs 11,000 in the City – has played down the long-term impact. John Cryan, who is British, told Handelsblatt: “The financial centre won’t die but it will get weaker.” - bit.ly/28WkoMZ

significant reduction in output, and unknowns and unknown unknowns time after vote, delayed investment into UK. Businesses like certainty! [...] We will be small off-shore island [...] UK relationship w USA was important to EU. [...] Weaker Europe, weaker UK. [...] //&! UK Treasury's analysis of Brexit - youtu.be/iT7Z4Kzb53I - Econ risk and immigration huge pillar of voting-decision especially for swing voters. [...] £4300 over next 14 years, the assumption/basis of this is lower economic growth (6%) ... attack is that this is not a fact. [...] Leave campaign argues the world will queue up to do quickly trade deals with you, which is not fact. [...] Stay campaign says this is not the case, and USA has hinted at that that you can't fall back on us to arrage quick trade deal negotiations with other countries, just because of our past relations.

the odds of another crisis are higher than a rally to fresh records. [...]
“The 2009-2015 rally originated from two main drivers: a massive stimulus, and credit expansion in China,” said Goette, who’s a partner at his firm in Zug, Switzerland and helps oversee 1 billion Swiss francs ($1 billion).

“European earnings have not followed suit so far. Skepticism regarding central-bank operations has started to emerge.”

The housing crisis they inherited has worsened as rents rise, but David Cameron and George Osborne’s cuts to social housing are a bizarre response: the housing and planning bill going through parliament marks the end of the social housing era. Not by accident but by deliberate policy, 88,000 council homes to rent will be lost, says the Conservative-controlled Local Government Association. Labour says the total will be 180,000 by 2020. Money is sucked out of social housing into the Treasury, as the 1% rent cut saves on the housing benefit bill by stealing funds due to pay for new social homes. Half of all renters get some housing benefit, with the continuous rise in rents. Cutting that support simply propels more into homelessness.

Weak economic data is casting doubt on the future performance of the UK economy, with inflation persistently well below the Bank of England's 2% target and earnings growth slowing down from a six-year high. Earlier this month, figures for November showed that UK industrial output had suffered its sharpest decline since 2013. Looking further ahead, investors are worried about the outcome of a referendum on the UK's continued membership of the EU. As Andy Scott of foreign exchange services firm HiFX put it: "Concerns over the UK economy and the risk of a Brexit look likely to continue to haunt sterling." Traders are also generally more risk-averse in the light of the global turmoil caused by Chinese market problems and falling oil prices, which makes them reluctant to buck sterling's downward trend.

A new survey of what’s on our minds reveals a nation still obsessed with the same things as in the 1960s - inequality and immigration [...] Seven out of 10 suggest that inequality and immigration create the biggest societal divides of today [ but tories take on what is easiest, immigration. but not inequality ] So nothing’s changed, and it’s likely not much will – at least, not if you’re a member of our world-weary public, exasperated with the collective failure of political solutions to modern-day grievances.

The Republican presidential frontrunner and Islamic State both know how to exploit the fear and uncertainty so prevalent today and skillfully cultivate it [...] All these factors jolt people out of their comfort zones and foster existential anxieties that spawn yearnings for order and predictability. They privilege simplistic concepts that lack nuance and lend significant edge to leaders who talk tough and offer what psychologists call “closure”.

Economic instability, populist politicians and a refugee wave is changing the face of politics in Europe Another round of elections, another push from increasingly vocal nationalists. Austria’s far-right Freedom Party gave the Social Democrats a run for their money in local elections over the past weekend, but fell short of capturing Vienna’s mayoralty. What started as an oddity in European politics has quickly become a disturbing pattern. These five facts explain the rise of the radical right in Europe, its causes and its implications for the region.

PBoC’s rapid liquidation of USTs over the past two weeks has added fuel to the fire and effectively boxed the Fed in. On Tuesday, Deutsche Bank is out extending their "quantitative tightening" (QT) analysis with a look at whats ahead now that the so-called "Great Accumulation" is over. "Following two decades of unremitting growth, we expect global central bank reserves to at best stabilize but more likely to continue to decline in coming years," [...] Less reserve accumulation should put secular upward pressure on both global fixed income yields & USD. [If the shadow actor in Belgium doesnt buy it up @rate everyone else is selling (divesting) ] [...] The current secular shift in reserve manager behaviour represents the equivalent to Quantitative Tightening, or QT. This force is likely to be a persistent headwind towards developed market central banks’ exit from unconventional policy in coming years, representing an additional source of uncertainty in the global economy. ...

Office for National Statistics says number of people reporting that they work on contracts with no minimum hours has risen to 744,000 [...] “The effect of zero-hours contracts on market behaviour and outcomes is thus likely to be greater than their incidence might suggest.” He also said that more employers would stop offering full-time permanent contracts to avoid paying the steep rise in the national living wage for the over-25s that comes into force next April. “In an otherwise very lightly regulated UK labour market the forthcoming large hike in the minimum wage when the national living wage (NVL) is introduced next year might act as a further incentive to employers to increase their use of zero-hours contracts – which are already very prevalent in sectors where the NVL will bite hardest - in order to minimise the impact on total labour costs.” [ study shows ppl are worse of, much more worse off ] &! Zero-hours contracts offered to 'a quarter of all unemployed' - bit.ly/1Nn9yiT

For the moment we are expecting oil producers to start to minimize their loses by producing even more oil. The oil crisis has just begun. // // &! DeMark compares China to the start of the Great Depression in the US, and when applying the 38.2 Fib retracement levels which have been breached, now expects even more pain for Chinese stocks - bit.ly/1NJdISb // // &! THINGS WERE TOO FAR AWAY FROM REALITY - Many indicators confirm that last week was remarkable and historic. Record after record was set, including the largest daily move, the biggest intra-day reversal and the most harrowing intra-day air pocket. - bv.ms/1O45W2i - legitimate questions about the robustness of the global economy [ contagion & overshoot - hubris and panic alike, good news gets washed down w bad news, extreme volatility still break markets, contagion still real & ppl are leveraged again (were complacent, institutional! investors!) ] market craziness. [ irrational exuberance that were equities ]. &! bv.ms/1UnLeMV

More help is urgently needed to help people with mental health problems stay in their jobs, says the government's chief medical officer, warning of the toll of mental illness on individuals and the economy. Dame Sally Davies said that around 70m working days were lost to mental illness last year, costing the economy £70 to £100bn. The number of working days lost to stress, depression and anxiety has risen by 24% since 2009, she says in her annual report. Yet 75% of people with diagnosable mental illness get no treatment at all.

human capital, HR - as cost center. // trading short-term competitiveness (kick ppl of the book according to demand) but trade it in aggregate with long-term social deprivation and skill gaps and underinvestment. because of dog eat dog mentality than you are incentivised to compete on price, because it is the easiest and you are able to to it with those neoliberal labour reforms in Europe. Don't compete with Amazon on price. Don't compete with China/Asia on price. Stupid.

the country’s main Nikkei stock market index was up strongly by 0.6% as investors expected the government to unleash more monetary stimulus. “Should growth remain sluggish for another quarter and inflation expectations start to fall, the odds of additional monetary easing would increase substantially,” analysts at DBS said in a commentary. Private consumption, which accounts for about 60% of Japan’s GDP, fell 0.8%, as exports dropped 4.4%. “The sharp plunge from the previous quarter’s surprise growth was partly due to disappointing demand for Japanese products in the US, Chinese and other resource-exporting markets,” SMBC Nikko Securities said in a commentary. “Sluggish wage growth and bad weather drove down consumption at home,” it added. // no demand led recovery. debt fuelled recovery! little is fixed thus nothing (kogs) fits and runs by itself as one would expect. // [...] convincing people to splash out on consumer goods has been a struggle

Silicon Valley should be celebrated. But its insularity risks a backlash [...] Critics are often from industries wanting to protect their privileges; the geeks’ aggressive behaviour is sometimes part of the creative destruction that leads to progress. But that is not the only source of anger. Silicon Valley also dominates markets, sucks out the value contained in personal data, and erects business models that make money partly by avoiding taxes. There is a risk that global consumers will feel exploited and that the effects of a shrinking tax base will infuriate voters. If the perception takes root that enormous profits from exploiting data and avoiding taxes are crystallised in the fortunes of a few people living on a patch of ground near San Francisco, then there will be a backlash." // recent emergence of marketplace for X and gig platform for X - 1099 Economy etc etc, making money with our data - Facebook.

bit.ly/1Jb27sI "A Message from brand marketers to publishers [...] We use banners as little billboards now. We use them strategically as incredibly cheap repeat impressions for brand awareness. We know many people don’t see them, we know most people don’t see them. Thats okay. We use them accordingly & the cost has been adjusted down to make them a perfectly great buy even though most people dont see them. [...] It’s an indicator to us that you don’t get this by the fact you’re still always talking about clickthrough, which was kind of BS when you first sold it to us twenty years ago, and doubly the case now." [ CPM will go lower, fundamentals point in that direction, Social Media & other future forms of advertising will fill in the lower CPM rates overall. Thus pressuring business models reliant on pageviews even more 2 increase pageviews as the revenue average per pageview declines. Thus u have 2 question which consumer product (entertainment & else) business model do you choose!?

Nobel laureate Stiglitz, author of The Price of Inequality and The Great Divide, studies the forces driving inequality and what is at stake if it continues. In his view, bad economic thinking deserves part of the blame — fanciful ideas like trickle-down and the notion that economists should try to increase the size of the economic pie and let the politicians worry about distribution. On the contrary, Stiglitz sees distribution as a problem economists must confront. He warns that an economic system that doesn’t raise standards of living for most Americans is a failure. [...] monopoly rent = too big to fail/tbtf (bailout) == cost to society/economic damage == where was antitrust!? monopolies are less productive & costly eventually in the long-term. rent exploitation through lobby! [...] this is bad for everyone, rising inequality, lower inequality is an econ multiplier // &! The Great Divide with Joseph Stiglitz and Robert Reich - youtu.be/e3aJxy9tA-w &! youtu.be/U-oEjFKCp00 NEET

"deflationary" is a symptom of balance sheet recession, deleveraging, debtoverhang ... of the private sector, corporate sector (& public gov sector) (to repair balance sheet). inflation of price of goods 2 live is still existent. you cant eat laptops. inflation is still present. actions of private sector, corporate sector to repair balance sheet (and even public sector, all three together) is deflationary. // UK! interesting is that consumer still borrows ie via credit card and mortgages. // question is how long UK can run such a big current account deficit. somebody has to pay for it, if not the gov with debt, then it has to be the private sector. as long as it can serve debt payments, as long as it has wage growth (increase of productivity, closing of output gap). But job creation during recovery was mostly Service Sector Jobs & self-employment. Not added value STEM. // corporate sector will not, in the long-run, pay for current account deficit w debt. &! youtu.be/EhYvaMc3f44

USA STYLE, no free education (~ we are all in it together, everyone is a stakeholder and pitches in, companies, people, pensioners, - to raise the added value one produces within an economy, over time - not so in USA, UK vs Germany - where people cry out loud that not enough qualified people exist to fill the economy needs and global demand for value added products, services, goods. IT IS ALSO A WAY TO REDUCE THE PUBLIC DEBT AND TRANSFER IT TO PRIVATE DEBT with higher interest payments = lower aggregate spending power in the future compared to lower interest rates serving it on the public books)! Load up on loans. // University maintenance grants 4 lower income students in England & Wales are 2be scrapped September 2016 [...] Student maintenance grants to be replaced with loans from 2016-17, to be paid back once people earn more than £21,000 a year. The maintenance loan will increase to £8,200. [will also affect mature students wanting to climb up the ladder].

If you treat your workforce as a profit center, as opposed to a cost center, perhaps your company's bottom line will soar. Why? Because employees, treated really well, perform really well. Management professor Zeynep Ton examines how organizations can design and manage their operations in a way that satisfies employees, customers, and investors simultaneously. (Hint: Paying higher than the minimum wage is a great start toward better performance).

Working is the most stressful part of many people's lives, over health and money worries, according to a survey form mental health charity Mind. They say one in five people is scared of losing their job if they admit they are suffering from stress, and that 22% of people who said they had disclosed a mental health issue in a previous job had been fired or forced out. Tim Muffett reports. // &! bbc.co.uk/news/health-12986314 - Prescriptions for anti-depressant drugs such as Prozac rose by more than 40% over the past four years, data obtained by the BBC showed. // &! bbc.co.uk/news/health-12087916 &! bbc.co.uk/news/mobile/business-12086055

"We are all in this together." // "In short - can a [Tory gov] that says it is governing for "One Nation" unpick the rules around measuring & cutting the # of poor children in Britain without being accused of cynicism? // &! bit.ly/1GySqhN "The plan sounds reasonable, but the purpose is to whip up confusion at a time when the poor are about to get poorer. [...] “blue-collar Conservatism”, appealing to working-class Tories who are not much interested in such abstractions as relative poverty, but can certainly be rallied against those who are felt to be living at the expense of hard-pressed taxpayers." [pitting them against each other]. &! bit.ly/1TNlpbz &! bit.ly/1x0Ghmu existential threat &! bit.ly/1BMOJtg &! bit.ly/1K9G3OE bit.ly/1QQvINd &! Scrapping £320m independent living fund - bit.ly/1SJO4wT &! bit.ly/1TFWHdg 'trickle-down doesnt work, says IMF [...] 1% & well off only buy 1 pair of jeans. power 2 implement reform? [= rebellion, not able with status quo ppl << Chris Hedges]'

time is a finite resource, non-renewable. computers are only limited by electricity and # of transistors. // Time is finite. Tony Schwarz debunks the myth that "We are meant to run like computers; at high speeds for long periods of time". He eloquently outlines how the reality of renewing our personal energy is just as important as expending it. This discipline grants value to rest which ultimately allows us to manage more skillful lives. // intrinsic motivation; purpose, mastery, autonomy. // honesty without compassion is cruelty. tenacity without flexibility is congeals interregidity. courage without prudence becomes recklessness. // need for certainty. // software/technology is running our life's. // renewal of personal energy! aka recovery to sustain high performance >> 6-hour work day, 4-day work week //

Warren defends Uber-ization of labor // Elizabeth Warren, the Massachusetts senator denounced by some as a “far-left” socialist radical, came out in support of the “Uber-ization” of the labor force. “We’re not going to stop tech so that lots of people will work,” Sen. Warren said at yesterday’s Code Conference. “That’s like saying, ‘Let’s get rid of heavy equipment and let people dig with a spoon.'” // "how the on-demand economy is creating full-time jobs out of part-time work. Several startups, like Uber, rely on contract employers. Google CEO Larry Page has predicted that part-time working will soon be the norm." // marketplace lowers prices! its inevitable. Except there is regulation and a guaranteed income /w around minimum wage. // Wall Street - Capitalism - rootless global corporations (& money have no conscience) has no self-limiter. Is no stakeholder in a local economy has no shared economic interest whether in a local economy nor country. // on.recode.net/1eAwEE0

I talked to maybe 20 randomly hailed UberX and Lyft drivers between November and March. All but one were male immigrants, primarily from Africa, South Asia and the Middle East, and most spoke heavily accented English. It's a completely different group from the drivers I'm able to get in touch with through Uberpeople.net, the demographics of which I'd call "Reddit-ish." All the immigrant drivers who spoke to me took a lot of pride in providing excellent service. Few had been Uber drivers for more than a month or two. Many were helping support multiple family members, most had at least one other job and all worked hours that would reduce me to a weeping wreck in a month. [// working on a marketplace platform does not allow you to differentiate yourself // Seth Godin - being remarkable, the purple cow] [Uber also in transparent about cost structure for drivers and their own mini business] [Uber&Co, bc of marketplace, is resistant 2 workers protests] [there is also no minimum wage]

bit.ly/1JwCXEk &! bit.ly/1vyV6wH - Almost 700,000 people in UK have zero-hours contract as main job Figures show staff deals with no guaranteed hours have risen 26% since last year with number of such contracts jumping from 1.4m in 2013 to 1.8m &! bit.ly/1OuHw6o &! on.ft.com/1JwD5no - The use of zero-hours contracts varies dramatically by sector for the economy, with 53 per cent of accommodation and food services companies using them, compared with just 3 per cent of information and finance companies. Part of the difference between the two official estimates is due to people who had more than one zero-hours contract with different employers or those who had a zero hours contract to supplement their main employment, but it highlights the difficulty in producing a reliable estimate of how many people are working under such terms and conditions.

Facebook is advocating for higher wages, paid time off, and other benefits for many of the non-technical workers it hires through independent contractors. [...] This news follows increasing unrest about how tech companies, which are known for offering many of their employees ridiculous benefits and high pay, treat the workers who don’t write a line of code but still help the business run. [...] Yet the Journal notes that these benefits pale in comparison to those offered to the company’s technical workers, who receive better pay, more vacation time, and $4,000 in “baby cash” on top of their paid parental leave. The gap might be shrinking, but it’s still more like the Grand Canyon than an itty-bitty schism. [ aka a gesture and PR ]

No Representation; personal & corporate tax avoidance/evasion (criminal behaviour) & non-dom, as well as progressive tax code (just lowered last term to 45% for 150k.) Instead should be 50% as it was. As well as introducing a 55%/60% for 500k/1m. // &! UK living standards fell for all but the richest under coalition – analysis - bit.ly/1Rc2PZg // &! bit.ly/1JU55Cm "when it comes to cuts there is no longer any “low-hanging fruit”. What’s left are in large part harsh cuts hitting middle-income working families" [...] Cameron spoke this morning of a “one nation” Toryism but he will know his £12bn of cuts will disproportionately hit the poor, young sick and​ disabled. The cuts will deliver more pain, fear and instability to those they affect. [...] seriously dismantling the welfare state [Cameron and Tories] will know this carries a political cost. // &! bit.ly/1PwOhQg bit.ly/1GaA37k bit.ly/1Ij67FZ bit.ly/1FJecDL bit.ly/1IAKanv

The all-cash AOL deal may drain Verizon’s cash reserves, but consider that Verizon generated $10 billion in operating cash flows last quarter – on top of $113 billion in total debt. [W]hats another $4.4 billion in loans, especially when interest rates are as cheap as they’ve ever been? // &! S&P 500 Companies Spend Almost All Profits on Buybacks - bloom.bg/1ECu06U // &! Companies have been gobbling up their own shares at an exceptional rate. There are good reasons to worry about this [...] The companies in the S&P 500 index bought $500 billion of their own shares in 2013, close to the high reached in the bubble year of 2007, and eating up 33 cents of every dollar of cashflow. [...] [$650 billion of cash overseas] [ leading firms to skimp on long-term investment] [firms are being sensible by restraining investment in the face of economic uncertainty] - econ.st/1t90jry //

In Mediocristan, you work fixed hours for a fixed wage. In Extremistan, success is enormously lucrative, but failure is far more common … and, for artists, condemns you to a life of grinding poverty and/or working outside of your chosen field. Of course tech startups also live in Extremistan. So too does venture capital itself, a meta-tournament of picking winners, in which enough money is (hopefully) made from the few big hits to outweigh the inevitable failures– –and so too will we all, soon enough. I’ve argued before that, because software is eating the world, “technology is slowly dragging us all, economically, away from Mediocristan and into Extremistan.” The power of software is such that it gives ever-smaller numbers of people ever-greater leverage. Meanwhile, much of yesterday’s rote Mediocristan work can and will be automated tomorrow. As a result, our economies are moving (slowly, in fits and starts) to a power-law Extremistan future. [ Seth Godin "be remarkable" ]

min 8:30 // by 2030, 50% of the employment will be self-employed, contractors, freelancers, consultants ... including on the manufacturing side. not just knowledge workers and the services industry. // western world's middle class and affluence gets hollowed out by the rise of the rest, loss of competitive advantage, and the 2nd industrial revolution. taking greater share of the growth of the global economy, compared to western world.

UK productivity growth (as measured by output per hour worked) has been exceptionally weak since 2008. Productivity growth has actually been weak across the developed economies since the Great Recession but especially so in the UK. Beyond those facts though, there is little agreement. The talk is instead of a "productivity puzzle": solving that puzzle is the key to both a lower government deficit and to higher living standards. [...] [I]t could be that the nature of Britain's recovery explains the low productivity growth. Rather than lower productivity leading to lower real wages (as companies cannot afford to increase pay), it may be that lower real wages have encouraged firms to hire workers rather than investing in new equipment. This could have lowered productivity. [...] Much of it feels more traditionally "sociological" than "economic". // 2nd Industrial Revolution - Software is Eating the World, Self-Employment, contractors, Zero Hour Contracts, etc. &! bit.ly/1aRi7Bw

Symptoms to a greater arch that is happening - a global leveling of the playing field ... Reaktion auf die zunehmende Komplexität der Welt // Junk Food in form of constant bad news - bc News Room is 24/7 Rocky horror show - bc of Pageviews business model.

http://www.bbc.co.uk/news/world-europe-31103221 - Anti-Islamist Pegida group holds first march in Austria &! Germany, Islam and the New Right - In Germany a new populist ‘anti-Islamisation’ movement, Pegida, is attracting tens of thousands of people to its Monday marches through the city of Dresden. They claim not to be racist or xenophobic but critics accuse them of being ‘Pinstriped Nazis’. Catrin Nye asks why Pegida has grown so fast and what they actually stand for. - http://www.bbc.co.uk/programmes/p02gyp5f